HSBC

HSBC arranging $1.3 billion for chemical industries

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has arranged USD1.3 billion financing for Bangladesh Chemical Industries Corporation (BCIC) to set up its Ghorasal Polash Urea Fertilizer Project (GPUFP).

May 1, 2022
May 1, 2022

HSBC’s top shareholder calls for its break-up

HSBC Holdings’s largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday.

December 2, 2019
December 2, 2019

HSBC arranging $1.3 billion for chemical industries

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has arranged USD1.3 billion financing for Bangladesh Chemical Industries Corporation (BCIC) to set up its Ghorasal Polash Urea Fertilizer Project (GPUFP).

January 18, 2016
January 18, 2016

Oil price falls below $28 a barrel

The oil price falls below $28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem.

October 1, 2015
October 1, 2015

Global economy loses steam as Chinese, European factories falter

World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and US activity steady.

July 7, 2015
July 7, 2015

HSBC fires staff for mock IS execution video

British bank HSBC fires six staff after they filmed a mock Islamic State-style execution video during a team-building day out and posted footage online.

June 9, 2015
June 9, 2015

HSBC to cut 20,000 jobs globally

HSBC, Europe's biggest bank, is planning to cut 20,000 jobs around the world as it tries to reduce costs and simplify its business.

May 31, 2015
May 31, 2015

UK banks launch Fifa investigation

Two UK banks have started internal reviews into whether they were used for corrupt payments by Fifa officials.

March 24, 2015
March 24, 2015

Asia stocks fall on factory data

Asia's two largest economies, China and Japan witness factory activity expand at a slower pace in March, suggesting that their recovery may be losing momentum

March 21, 2015
March 21, 2015

Dollar drop is worst since 2011 as investors rethink Fed policy

The dollar slumps the most since October 2011 after the Federal Reserve reduced projections for interest- rate increases and expressed concern the dollar's surge is weighing on exports and inflation

February 18, 2015
February 18, 2015

Swiss cops raid HSBC's Geneva office

Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering